At least four publicly listed U.S. companies announced plans on Tuesday to ramp up their crypto investments by a combined $844 million, signaling growing corporate interest in Bitcoin and other digital assets.
The largest of these moves came from DDC Enterprise Ltd, a Hong Kong-based ready-meal company, which revealed it had entered into three funding agreements totaling $528 million—all earmarked for expanding its Bitcoin holdings.
The funding includes a $300 million convertible note, a $200 million credit facility, and a $26 million equity investment. Dallas-based Anson Funds was the lead investor, with significant backing also coming from the venture capital arm of Animoca Brands.
DDC, which acquired its first 21 Bitcoin on May 23 through a $2.28 million share deal, has publicly stated its ambition to build the “world’s most valuable Bitcoin treasury.” The company plans to accumulate up to 5,000 Bitcoin over the next three years—a target that could be achieved with the newly secured funds, based on current prices.
Fold Raises $250 Million to Expand Bitcoin Holdings
Fold Holdings Inc., the first publicly traded Bitcoin financial services firm, announced Tuesday that it has secured a $250 million equity purchase facility, with the net proceeds “primarily intended” to support further Bitcoin acquisitions.
The agreement enables Fold to issue and sell up to $250 million in newly issued shares to fund Bitcoin purchases at its discretion, pending approval of a registration statement by the Securities and Exchange Commission (SEC) for the resale of those shares.
If approved, the shares will be sold through a private placement, allowing Fold to raise capital from private investors rather than via a public market offering.
At current prices, the $250 million facility could theoretically allow Fold to acquire approximately 2,390 Bitcoin. Even allocating half of that amount would significantly increase the company’s existing Bitcoin treasury, which currently holds 1,490 BTC.
BitMine Finalizes $16 Million Bitcoin Purchase Following Stock Offering
Meanwhile, Bitcoin mining equipment rental company BitMine Immersion Technologies announced it has purchased $16.3 million worth of Bitcoin using proceeds from a recent stock offering.
The company now holds 154.16 Bitcoin, acquired at an average price of $106,033 per coin.
BitMine stated that the purchase is part of its new strategy to grow its Bitcoin holdings through a combination of self-mining operations and capital raises, highlighting its commitment to accumulating as much Bitcoin as possible.
The company had already used a portion of the proceeds from its June 6 stock offering to acquire its first 100 Bitcoin on June 9.
HYPE Adopted as Treasury Asset
Nasdaq-listed biotech firm Eyenovia announced Tuesday that it has entered a $50 million private placement deal to build a strategic reserve of the Hyperliquid (HYPE) token, positioning itself as “the first U.S. publicly listed company” to develop a long-term treasury for the asset.
Hyperliquid is a decentralized crypto derivatives exchange built on its own layer-1 blockchain and powered by the HYPE token, which is used for staking, governance, and rewarding active traders through airdrops.
Eyenovia said it plans to acquire over 1 million HYPE tokens—valued at $40.1 million at current prices—and stake them through Anchorage Digital’s platform. As part of its strategic pivot, the company will rebrand as “Hyperion DeFi” and trade under the new ticker symbol HYPD.
To lead its crypto efforts, Eyenovia appointed Hyunsu Jung as chief investment officer and board member. “We view Hyperliquid as one of the fastest-growing, highest-revenue-generating blockchains in the world,” Jung said.
